Oiltex Ltd - Accounts to registrar (filleted) - small 23.1.2
Oiltex Ltd - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 5 April 2023 |
| for |
| OILTEX LTD |
| OILTEX LTD (REGISTERED NUMBER: SC280577) |
| Contents of the Financial Statements |
| for the Year Ended 5 April 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| OILTEX LTD |
| Company Information |
| for the Year Ended 5 April 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 12 Traill Drive |
| Montrose |
| Angus |
| DD10 8SW |
| OILTEX LTD (REGISTERED NUMBER: SC280577) |
| Balance Sheet |
| 5 April 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| OILTEX LTD (REGISTERED NUMBER: SC280577) |
| Notes to the Financial Statements |
| for the Year Ended 5 April 2023 |
| 1. | STATUTORY INFORMATION |
| Oiltex Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| OILTEX LTD (REGISTERED NUMBER: SC280577) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Computer |
| property | equipment | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 5 April 2023 |
| DEPRECIATION |
| At 6 April 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 5 April 2023 |
| NET BOOK VALUE |
| At 5 April 2023 |
| At 5 April 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £4,000 (2022 - £66,285) were paid to the directors . |
| The company was under the control of directors, C Pitman and M Pitman throughout the current and previous year. |
| During the year the directors further advanced the company net amounts totalling £313. As at 5 April 2023, included within other creditors, is a balance outstanding due to the directors of £4,578 (2022 - £4,265). No interest has been paid on this loan. |